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Released March 13, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Private equity firm Energy Capital Partners (ECP) (Short Hills, New Jersey) and a consortium of investors recently wrapped up their acquisition of Calpine Corporation (Houston, Texas) for $5.6 billion. Calpine is the largest U.S.-based generator of electricity from natural gas and geothermal resources. Industrial Info is tracking more than $3.6 billion in active projects involving ECP and Calpine.
"We do not expect to make any changes to the way Calpine operates its business, and intend to remain focused on providing the high level of service to which Calpine's wholesale and retail customers have become accustomed," said Tyler Reeder, a partner at ECP, in a press release. Other investors in the consortium include Access Industries Incorporated (New York City, New York) and the Canada Pension Plan Investment Board (Toronto, Ontario).
Calpine is nearing completion on one of its most widely anticipated projects: a $760 million unit addition at the York Energy Center in Delta, Pennsylvania, a natural gas-fired, combined-cycle (NGCC) power plant that has seen its start-up date pushed back due, in part, to issues with contractor Chicago Bridge & Iron Company (NYSE:CBI) (The Hague, Netherlands). The new unit is expected to generate 760 megawatts (MW) from a pair of combustion turbines, with duct-fired, heat-recovery steam generators, and a steam turbine, all from General Electric (NYSE:GE). For more information, see Industrial Info's project report.
Calpine also plans to begin construction next year on the $300 million Washington Parish Energy Center in Bogalusa, Louisiana, a 360-MW, simple-cycle plant. The new facility would replace an abandoned NGCC plant. It is being planned as part of a wide-ranging build-out of energy projects along the Texas and Louisiana Gulf coasts, although it could be in tight competition with other projects for labor. For more information, see Industrial Info's project report and January 3, 2018, article - Burgeoning Demand for Labor Hits Tight Gulf Coast Market.
Sendero Midstream Partners LP, a privately held company also owned by ECP, recently finished and placed into service a $130 million cryogenic natural gas-processing plant and $30 million gas-gathering pipeline in Carlsbad, New Mexico. The plant will process up to 130 million standard cubic feet per day of gas from the Delaware Basin, and the 30-mile pipeline will provide Sendero with access to two downstream NGL pipelines near Orla, Texas.
Sendero also is considering a $150 million second train at the Carlsbad plant that would process a further 200 million standard cubic feet per day. Dancar Energy Construction (Glen Rose, Texas) would provide engineering, procurement and construction services for the proposed addition, as it did for the initial train. For more information, see Industrial Info's project reports on the processing plant, pipeline and second train.
Wheelabrator Technologies Incorporated (London, England), which was acquired by ECP in 2014, is at work on a $471.3 million Kemsley Waste-to-Energy Plant in Sittingbourne, England. The facility will incinerate 550,000 tonnes per year of pretreated solid waste to fuel a 75-megawatt (MW) steam turbine, which will supply energy to the power grid and steam to a local paper mill. For more information, see Industrial Info's project report.
In addition to its North American acquisitions, ECP is expanding its U.K. footprint. The company recently purchased ENGIE's (Paris, France) 75% share in three power-generation facilities: the Saltend and Deeside natural gas-fired plants, and the Indian Queens oil-fired peaking plant. The three have a total capacity of 1,841 MW. The remaining 25% is held by Mitsui & Company (Tokyo, Japan).
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
"We do not expect to make any changes to the way Calpine operates its business, and intend to remain focused on providing the high level of service to which Calpine's wholesale and retail customers have become accustomed," said Tyler Reeder, a partner at ECP, in a press release. Other investors in the consortium include Access Industries Incorporated (New York City, New York) and the Canada Pension Plan Investment Board (Toronto, Ontario).
Calpine is nearing completion on one of its most widely anticipated projects: a $760 million unit addition at the York Energy Center in Delta, Pennsylvania, a natural gas-fired, combined-cycle (NGCC) power plant that has seen its start-up date pushed back due, in part, to issues with contractor Chicago Bridge & Iron Company (NYSE:CBI) (The Hague, Netherlands). The new unit is expected to generate 760 megawatts (MW) from a pair of combustion turbines, with duct-fired, heat-recovery steam generators, and a steam turbine, all from General Electric (NYSE:GE). For more information, see Industrial Info's project report.
Calpine also plans to begin construction next year on the $300 million Washington Parish Energy Center in Bogalusa, Louisiana, a 360-MW, simple-cycle plant. The new facility would replace an abandoned NGCC plant. It is being planned as part of a wide-ranging build-out of energy projects along the Texas and Louisiana Gulf coasts, although it could be in tight competition with other projects for labor. For more information, see Industrial Info's project report and January 3, 2018, article - Burgeoning Demand for Labor Hits Tight Gulf Coast Market.
Sendero Midstream Partners LP, a privately held company also owned by ECP, recently finished and placed into service a $130 million cryogenic natural gas-processing plant and $30 million gas-gathering pipeline in Carlsbad, New Mexico. The plant will process up to 130 million standard cubic feet per day of gas from the Delaware Basin, and the 30-mile pipeline will provide Sendero with access to two downstream NGL pipelines near Orla, Texas.
Sendero also is considering a $150 million second train at the Carlsbad plant that would process a further 200 million standard cubic feet per day. Dancar Energy Construction (Glen Rose, Texas) would provide engineering, procurement and construction services for the proposed addition, as it did for the initial train. For more information, see Industrial Info's project reports on the processing plant, pipeline and second train.
Wheelabrator Technologies Incorporated (London, England), which was acquired by ECP in 2014, is at work on a $471.3 million Kemsley Waste-to-Energy Plant in Sittingbourne, England. The facility will incinerate 550,000 tonnes per year of pretreated solid waste to fuel a 75-megawatt (MW) steam turbine, which will supply energy to the power grid and steam to a local paper mill. For more information, see Industrial Info's project report.
In addition to its North American acquisitions, ECP is expanding its U.K. footprint. The company recently purchased ENGIE's (Paris, France) 75% share in three power-generation facilities: the Saltend and Deeside natural gas-fired plants, and the Indian Queens oil-fired peaking plant. The three have a total capacity of 1,841 MW. The remaining 25% is held by Mitsui & Company (Tokyo, Japan).
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
